Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LoyceV
on 23/06/2021, 16:53:00 UTC
⭐ Merited by JayJuanGee (1)
Crypto is death comments starting to Pop up everywhere. This time for real?  Cheesy Cheesy Cheesy


I take out all my cryptos from exchanges now. Will not sell anything.
I spent too much money on Doge (while sleeping) Cheesy I had sold some, bought back, sold again, and turned a profit in euro. I set buy backs orders all the way back to a fraction of a cent, the higher ones triggered. So I now have more Doge than I started this adventure with, and still euros left. I'll see later whether or not buying back was a good call, but ending up with more than I started with doesn't feel like an absolute loss.
I kinda hope Doge will go all the way down, then I'll be ready 4 years from now when it hypes again.

Are you purposefully trying to irritate peeps here?   Roll Eyes Roll Eyes
No, not intentional Wink It's just that I wouldn't dare do that with the real thing, Bitcoin is for HODLing, so I don't keep it on exchanges. I've never been into shitcoins, but I (only now) see how people use it to make money. I'm not much into risking money (anything riskier than Bitcoin), so this is a new play area for me.

Selling now would be for the purpose of either manipulation or panic.
It always feels like I'm being pulled 2 ways:
1. They want me to sell when it drops!
2. They want me to get hope again when it goes up a bit!
So I do what I always do: I'm not buying, I'm not selling. Just making sure I can afford to pay my taxes next year Smiley
I suppose that is one way to deal with the situation, especially if you feel that you have accumulated enough BTC.
I wouldn't say "it's enough", but it also feels like there's not really a point buying dust amounts now.

Quote
I personally believe that one of the most guaranteed aspects of BTC is volatility, so if you can establish ways to deal with that volatility without getting bothered then it is all good.... One of the strictest ways are ongoing DCA buying and buying on dips.. one of the problems with the buying on dips portion is to sufficiently measure yourself so that you never run out of fiat.. sometimes easier said than done, especially during seemingly extreme dippening times.
DCA is only beneficial if the value is dropping, if it's going up a lump sum is better.